A surcharge on taxes paid by projects deemed transit-oriented development, while sounding good, has problems. Landlords would pass the cost onto tenants, and higher rents goes against the goal of providing affordable housing.
I don’t know a lot about transit-oriented development (TOD), but I understand there is some TOD being implemented around some BART stations. There is some TOD built around some BART stations already. What I don’t understand is why some of the builders of these developments aren’t assessed a tax of some sort on the profits that developers of TODs undoubtedly make, and use those dollars to help offset certain transit costs.
While it’s not of BARTs doing that ridership has fallen the way it has, any effort that can be initiated to drive ridership numbers back up should be pursued. And more federal funding should be directed towards programs that contribute toward reducing the negative impacts on air, climate and the environment, with less federal monies being allocated to modes that do nothing but create further such negative impacts AND at the same time add to a worsening traffic-congestion situation. Personally, I liked the idea of the congestion-pricing scheme that was supposed to go into effect earlier this year in June in NYC.
A surcharge on taxes paid by projects deemed transit-oriented development, while sounding good, has problems. Landlords would pass the cost onto tenants, and higher rents goes against the goal of providing affordable housing.
I see. Thanks.
I don’t know a lot about transit-oriented development (TOD), but I understand there is some TOD being implemented around some BART stations. There is some TOD built around some BART stations already. What I don’t understand is why some of the builders of these developments aren’t assessed a tax of some sort on the profits that developers of TODs undoubtedly make, and use those dollars to help offset certain transit costs.
While it’s not of BARTs doing that ridership has fallen the way it has, any effort that can be initiated to drive ridership numbers back up should be pursued. And more federal funding should be directed towards programs that contribute toward reducing the negative impacts on air, climate and the environment, with less federal monies being allocated to modes that do nothing but create further such negative impacts AND at the same time add to a worsening traffic-congestion situation. Personally, I liked the idea of the congestion-pricing scheme that was supposed to go into effect earlier this year in June in NYC.